What is the term for an audit conducted outside of the normal audit schedule?

What is the term for an audit conducted outside of the normal audit schedule?

• A. Routine Audit
• B. Special Audit
• C. Financial Audit
• D. Internal Audit

Answer: (B)

A special audit is conducted outside the normal audit schedule. It’s triggered by specific concerns, events, or management/regulator requests and focuses on targeted areas with a narrower scope and often a tighter timeline. Routine audits happen on a planned, regular cycle, internal audits are performed by the organization’s own audit team (not necessarily out of cycle), and a financial audit is a broad term for verifying financial statements, not specifically about timing. So, when the audit occurs outside the regular schedule, it’s best described as a special audit.

A special audit is conducted outside the normal audit schedule. It’s triggered by specific concerns, events, or management/regulator requests and focuses on targeted areas with a narrower scope and often a tighter timeline. Routine audits happen on a planned, regular cycle, internal audits are performed by the organization’s own audit team (not necessarily out of cycle), and a financial audit is a broad term for verifying financial statements, not specifically about timing. So, when the audit occurs outside the regular schedule, it’s best described as a special audit.